TImeout expired.... Error messsage while creating new opportunity field

This is a wopper of a long error message and happens everytime now. It occurs on my local machine, I'm the only one using this machine and ACT running Windows 7 ACT version

ACT! by Sage 2010 Version 12.1.181.0, Hot Fix 1

I'm not able to copy and paste the text from the message. Could not paste a JPEG here, sorry. Maybe there is an error log somewhere I could pull more info from.

I'm beginning to think that running ACT requires a full time department of technical staff. I'm just one guy trying to make more money keeping track of my sales...I seem to be wasting alot of time failing to do simple things and not getting anywhere.